Financial information for nokia followsnet income in, Ask an Expert

Accounting

Financial information for Nokia follows.
Net income (in millions) 260
Cash Dividends declared (in millions) 1,481
Cash Dividends declared per share 0.40
Number of shares outstanding (in million)* 3,708
Equity applicable to shares (in millions)

Assume that for Nokia the year-end number of shares outstanding approximates the weighted-average shares outstanding.

Required

1. Compute book value per share for Nokia

2. Compute earnings per (EPS) for Nokia

3. Compare Nokia's dividends per share with its EPS. Is Nokia paying out large or small amount of its income as dividends? Explain.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956909

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